KUMAS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KUMAS
Largest movements
- Cash -€59,807
down €59,807 (-98.0%), from €61,033 to €1,226
mainly Stocks and contracts (-€50,152) and Investment in fixed assets (net) (-€24,438)
- Stocks and contracts +€50,152
new in 2025: €50,152
- Tangible fixed assets +€18,758
up €18,758 (+1962.8%), from €956 to €19,714
of which Furniture and vehicles: +€11,796
- Receivables within one year +€4,931
up €4,931 (+16.1%), from €30,617 to €35,548
of which Other amounts receivable: +€12,132
- Trade debts +€27,490
up €27,490 (+230.8%), from €11,911 to €39,400
- Profit (loss) carried forward -€11,237
down €11,237 (-89.1%), from -€12,618 to -€23,855
- Other debts -€3,633
no longer reported in 2025 (was €3,633)
- Tax, wage and social debts +€1,415
up €1,415 (+16.5%), from €8,580 to €9,995
of which Taxes: +€8,728
- Staff costs -€27,715
down €27,715 (-70.5%), from €39,321 to €11,607
- Gross operating margin -€17,926
down €17,926 (-56.4%), from €31,808 to €13,882
- Other operating charges +€6,721
up €6,721 (+757.3%), from €887 to €7,609
- Depreciation +€1,893
up €1,893 (+50.0%), from €3,787 to €5,680
- Financial income +€1,668
up €1,668 (+1832.1%), from €91 to €1,759
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,075 | €115,110 | +€14,034 | +13.9% |
| Fixed assets | 21/28 | €9,426 | €28,184 | +€18,758 | +199.0% |
| Tangible fixed assets | 22/27 | €956 | €19,714 | +€18,758 | +1962.8% |
| Plant, machinery and equipment | 23 | €896 | €7,858 | +€6,962 | +777.1% |
| Furniture and vehicles | 24 | €60 | €11,856 | +€11,796 | +19735.8% |
| Financial fixed assets | 28 | €8,470 | €8,470 | = | 0.0% |
| Current assets | 29/58 | €91,650 | €86,926 | -€4,723 | -5.2% |
| Stocks and contracts in progress | 3 | - | €50,152 | +€50,152 | |
| Stocks | 30/36 | - | €50,152 | +€50,152 | |
| Amounts receivable within one year | 40/41 | €30,617 | €35,548 | +€4,931 | +16.1% |
| Trade receivables | 40 | €7,751 | €550 | -€7,201 | -92.9% |
| Other amounts receivable | 41 | €22,866 | €34,998 | +€12,132 | +53.1% |
| Cash at bank and in hand | 54/58 | €61,033 | €1,226 | -€59,807 | -98.0% |
| Total equity and liabilities | 10/49 | €101,075 | €115,110 | +€14,034 | +13.9% |
| Equity | 10/15 | €76,952 | €65,715 | -€11,237 | -14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,970 | €70,970 | = | 0.0% |
| Distributable reserves | 133 | €70,970 | €70,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,618 | -€23,855 | -€11,237 | -89.1% |
| Amounts payable | 17/49 | €24,124 | €49,395 | +€25,271 | +104.8% |
| Amounts payable within one year | 42/48 | €24,124 | €49,395 | +€25,271 | +104.8% |
| Trade debts | 44 | €11,911 | €39,400 | +€27,490 | +230.8% |
| Suppliers | 440/4 | €11,911 | €39,400 | +€27,490 | +230.8% |
| Taxes, remuneration and social security | 45 | €8,580 | €9,995 | +€1,415 | +16.5% |
| Taxes | 450/3 | €182 | €8,910 | +€8,728 | +4797.7% |
| Remuneration and social security | 454/9 | €8,398 | €1,085 | -€7,313 | -87.1% |
| Other amounts payable | 47/48 | €3,633 | - | -€3,633 | |
| Remuneration, social security and pensions | 62 | €39,321 | €11,607 | -€27,715 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,787 | €5,680 | +€1,893 | +50.0% |
| Other operating charges | 640/8 | €887 | €7,609 | +€6,721 | +757.3% |
| Gross operating margin | 9900 | €31,808 | €13,882 | -€17,926 | -56.4% |
| Operating profit (loss) | 9901 | -€12,188 | -€11,013 | +€1,175 | +9.6% |
| Financial income | 75/76B | €91 | €1,759 | +€1,668 | +1832.1% |
| Recurring financial income | 75 | €91 | €1,759 | +€1,668 | +1832.1% |
| Financial charges | 65/66B | €393 | €1,811 | +€1,418 | +361.0% |
| Recurring financial charges | 65 | €393 | €1,811 | +€1,418 | +361.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,490 | -€11,065 | +€1,425 | +11.4% |
| Income taxes | 67/77 | €128 | €172 | +€44 | +34.1% |
| Profit (loss) for the period | 9904 | -€12,618 | -€11,237 | +€1,381 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,618 | -€11,237 | +€1,381 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.